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News in the ‘Business & Finance’ Category

Sierra Leone Business: Finance Ministry to engage Sierratel, BSL for an intra-bank switch

Thursday, October 4th, 2018
Sierra Leone Business: Finance Ministry to engage Sierratel, BSL for an intra-bank switch

The Financial Secretary Sahr Lahai Jusu has said that his ministry will engage the Bank of Sierra Leone (BSL) and Sierratel on the possibility of getting an intra-bank switch that will get both Sierra Leone Commercial Bank (SLCB) and Rokel Commercial Bank (RCB) together. It all emanated from queries by both the Deputy Minister of Finance[…]

Sierra Leone Business: Salone to learn about Oil exploration from Equatorial Guinea

Thursday, October 4th, 2018

FREETOWN, Sept 18 (Awoko) –The government of Sierra Leone has signed a Memorandum of Understanding (MOU) agreement with Equatorial Guinea on oil and gas exploration. According to the Director General of the Sierra Leone Petroleum Directorate, Timothy M. Kabba “Equatorial Guinea is a nation that is mature in oil and gas exploration, and we stand to[…]

Sierra Leone Business: Access to finance a challenge for SMEs

Thursday, October 4th, 2018
Sierra Leone Business: Access to finance a challenge for SMEs

In their presentation at the Policy Hearings, the Small and Medium Enterprises Development Agency (SMEDA) said that they came up with lots of findings in their drive to understand how the sector works. Presenting their key statistics, Finance Officer James Karrow Kamara said that access to finance is their priority need for SMEs, even though they[…]

Sierra Leone Business: Local content agency wants full staff compliment to operationalize fully

Thursday, October 4th, 2018
Sierra Leone Business: Local content agency wants full staff compliment to operationalize fully

  The Director of Local Content Agency has said that they need their full staff compliment to ensure that they operationalize fully as they work across all sectors. “We are only 10 at the Agency but we have a whole list and we need about 200 people more” said Emmanuel Kongoh. His response was prompted when[…]

Sierra Leone Business: Low level technical skills affect locals from accessing job in foreign businesses

Thursday, October 4th, 2018
Sierra Leone Business: Low level technical skills affect locals from accessing job in foreign businesses

A study undertaken by the Local Content Agency has looked at the reason why Sierra Leoneans are not accessing job opportunities in certain firms. They discovered that there is a missing link, and this is the low level of technical skills which is available but is not supplied. The Agency has been successful in establishing the[…]

Sierra Leone News: We have deficiencies in terms of compliance –Airport Authority

Thursday, October 4th, 2018
Sierra Leone News: We have deficiencies in terms of compliance –Airport Authority

Head of Commercial, Procurement and Corporate Planning at the Sierra Leone Airports Authority (SLAA), Bobson Kargbo has said that they have a number of deficiencies in terms of compliance. He was responding to questions from the Principal Deputy Financial Secretary (PDFS) Matthew Dingie who asked how they can be more efficient and better, what are the[…]

Sierra Leone News: Globally, youth are the largest poverty-stricken group, says new UN report

Thursday, October 4th, 2018
Sierra Leone News: Globally, youth are the largest poverty-stricken group, says new UN report

The new figures in the 2018 global Multidimensional Poverty Index (MPI) show that in 104 primarily low- and middle-income countries, 662 million children are considered poor according to multiple different indicators. In 35 of these countries, children account for at least 50 per cent of the total. The 2018 MPI, produced by UNDP and the University[…]

Sierra Leone News: START-UP BUSINESS: 7 CAUSES OF BUSINESS FAILURE AND HOW TO PREVENT THEM (1) 

Thursday, October 4th, 2018

According to statistics published by the Small Business Administration (SBA), 50 percent of businesses fail in the first year and 95 percent fail within five years. Why do some businesses fail while others succeed? When you’re starting a new business, the last thing you want to focus on is failure. But if you address the[…]

Sierra Leone Business: Finance holds Closed-door scrutiny of state-owned banks budgets

Thursday, September 27th, 2018

Ministry of Finance (MoF) has successively met with the two state-owned banks on Friday 14 September, 2018 in a closed-door session to question them on their activities and their financial status. Principal Deputy Financial Secretary, Matthew Dingie said the session at the Budget Hearings will not be open to the public due to the sensitivity[…]

Sierra Leone Business: Education Trade Fair officially opens

Thursday, September 27th, 2018

The Ministry of Basic and Senior Secondary Education in collaboration with Heal Sierra Leone and the Education Microscope Newspaper on Friday 14 September 2018 officially opened the education trade fair at the Miatta Conference Centre. This is the third education trade fair, organised by Heal Sierra Leone under the theme “the importance of free quality[…]